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Sustainable Development of Small and Medium-Sized Enterprises in Disadvantaged Regions: Impact of Knowledge and Innovation

In: Knowledge, Innovation and Sustainable Development in Organizations

Author

Listed:
  • Mário Franco

    (CEFAGE-UBI Research Center, University of Beira Interior)

  • Heiko Haase

    (Center for Innovation and Entrepreneurship, University of Applied Sciences Jena)

Abstract

Knowledge and innovation are critical resources for small and medium-sized enterprises (SMEs). However, there is lack of research on the influence of knowledge and innovation on SMEs’ sustainable development and how this can stimulate the growth and development of disadvantaged regions. In order to explore these phenomena, a qualitative approach was chosen, conducting six exploratory case studies in the Beira Interior Region in Portugal. It can be concluded that knowledge and innovation are indeed relevant for the growth and sustainability of SMEs and the regions in which they are embedded. The cases studied particularly underscore the importance of innovative SMEs as drivers of value and wealth creation for disadvantaged regions. Again, the outcomes also show that investing in knowledge and innovation is a means to ensure SMEs’ survival in disadvantaged regions. The implications of this study may also serve as benchmarking for SMEs or regions that pursue knowledge and innovation-based strategies in order to ensure sustainable regional development.

Suggested Citation

  • Mário Franco & Heiko Haase, 2019. "Sustainable Development of Small and Medium-Sized Enterprises in Disadvantaged Regions: Impact of Knowledge and Innovation," Innovation, Technology, and Knowledge Management, in: Marta Peris-Ortiz & João J. Ferreira & Jose M. Merigó Lindahl (ed.), Knowledge, Innovation and Sustainable Development in Organizations, chapter 0, pages 39-59, Springer.
    • Handle: RePEc:spr:innchp:978-3-319-74881-8_4
    DOI: 10.1007/978-3-319-74881-8_4
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